Advertisement
Singapore markets closed
  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     
  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • Bitcoin USD

    64,019.54
    -549.09 (-0.85%)
     
  • CMC Crypto 200

    1,328.85
    -67.69 (-4.85%)
     
  • S&P 500

    5,113.02
    +64.60 (+1.28%)
     
  • Dow

    38,314.22
    +228.42 (+0.60%)
     
  • Nasdaq

    15,971.87
    +360.11 (+2.31%)
     
  • Gold

    2,348.10
    +5.60 (+0.24%)
     
  • Crude Oil

    83.82
    +0.25 (+0.30%)
     
  • 10-Yr Bond

    4.6750
    -0.0310 (-0.66%)
     
  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     
  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     
  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Wood Group workers accept pay offer, preventing North Sea strikes

LONDON (Reuters) - Wood Group (WG.L) workers employed on Shell's (RDSa.L) North Sea oil platforms have accepted a new pay deal, ending a months-long dispute that saw some workers down tools in July and August.

Labour union Unite, whose members voted 105-82 in favour of the deal, said proposed wage cuts were now less than first announced and that ad-hoc workers had gained greater work security and better options to gain permanent employment.

"Our negotiations with Wood Group allowed us to reduce the levels of cuts being proposed to our members' wages and terms and conditions," said Unite regional officer John Boland.

Wood Group said it welcomed their employees' support.

ADVERTISEMENT

Strikes in July and August had no impact on production at Shell's platforms and further strike action had been suspended in mid-August after the parties agreed to resume talks.

(Reporting by Karolin Schaps, editing by William Hardy)